Chinese Government May Allow Captives to Grow Deeper Partnerships

  • Emma Sandler
  • July 5, 2017
China may allow foreign automakers to acquire majority control over their Chinese joint ventures (JVs) within a couple of years, according to a government statement. Which leaves the question — which auto captive in a joint venture will lead the booming Chinese auto finance market? For the past 30 years, Chinese regulations require that foreign […]

Daimler Performs Test of Blockchain in $114MM Transaction

  • William Hoffman
  • June 30, 2017
Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial transactions across the company. Normally, a transaction like this would take roughly 10 weeks for a bank to work as the administrative intermediary between Daimler and […]

moovel’s Latest Tech Brings Company Closer to Dominating Future Transit Payments

  • Emma Sandler
  • June 19, 2017
moovel, a provider of multi-modal transportation solutions, launched a mobile fare validation and calculation platform called Fare Connect last week, bringing the company one step closer to becoming the single point of entry and payment for all transit options in the future. Fare Connect is a hardware agnostic service that allows transit agencies to implement new fare validation systems, […]

EVs to Drive ‘Major Transformation’ in Carsharing, Researcher Says

  • Natalie Mattila
  • May 22, 2017
SAN DIEGO — Carsharing is in the early stages of a “major transformation” that will continue over the next decade, driven in part by greater penetration of electric vehicles in carsharing fleets, John Gartner research director at Navigant Research, said during a presentation at Auto Finance Innovation 2017 last week. The electric vehicle carshare fleets will […]

Daimler Financial Collaborates With German Firms to Launch Online Identity Platform

  • Natalie Mattila
  • May 8, 2017
Several German firms, including Daimler Financial Services, are teaming up to launch a European company, created to store personal data securely, and allow customers the ability to make purchases online from different outlets without keying in their details each time. And the partnership could serve as a “baseline” for further cross-collaboration, said Mirko Schiefelbein, transformation […]
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